According to information released by Statistics Estonia on May 30, this April the turnover of retail trade enterprises increased by 1% YoY at constant prices, totaling EUR 560.4 million. The turnover of stores selling manufactured goods increased by 7%. Turnover increased in most economic activities, except in stores selling second-hand goods and in non-store retail…
Lindaliini AS, a company operating under the Linda Line Express brand, which used to operate a fast catamaran connection between Tallinn and Helsinki, expects to resume operations on the route by the end of June. Linda Line CEO Enn Rohula said that the company expected to conclude an agreement on the purchase of a new…
The International Monetary Fund (IMF) finds that the outlook for the Estonian economy is positive and growth will continue at close to 3.5% in the medium term, but noted that the biggest threat to this outlook was wage pressure not accompanied by growth in productivity. According to the IMF, external risks for Estonia are balanced…
According to information released by Statistics Estonia, in the first quarter of 2018 the combined production of Estonian construction enterprises in Estonia and foreign countries increased by 21% YoY, while construction on the domestic market alone increased by 29%. In the first quarter the production value of construction enterprises amounted to EUR 559 million, of…
Estonia’s Ministry of Justice has introduced a bill to amend the Commercial Code to resolve an issue that has in practice inhibited foreign investors from investing in Estonian private limited companies. Currently, e-residents have either founded or are shareholders in approximately 5,600 businesses registered in Estonia. So few e-residents have registered new businesses thus far…
Encouraged by the success of the change at its Sikupilli location, Prisma has decided to switch its Lasnamae and Mustika Centre supermarkets to 24-hour schedules as well. “A lot of people get back from their country homes late at night during the summer,” Prisma Peremarket spokesperson Piret Lankots said. “We want to offer them the…
The Estonian Center for Defense Investment (ECDI) has seen interest from several bidders in its tender to refit 37 CV-90 infantry fighting vehicles (IFVs). Four international companies are in the running, namely BAE Systems, Flensburger Fahrzeugbau Gesellschaft, Bristol Trust, plus a joint offer from Uhinenud Depood and Scania Eest, to refit the Swedish-made vehicles, in…